Wednesday, September 30, 2009

October 1, 2009, Single Stock

RIL - RIL made a higher high and a higher low. We will stay long.
Trading Strategy: Stay long with stop loss at 2165.
Supports: 2165, 2058-2071, 1923, 1868
Resistances: 2219, 2240

Infy - Infy made an engulfing candle, indicating indecision in the stock. We will wait and watch before taking a new position.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 2233, 2177, 2120
Resistances: 2325, 2415-21.

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